Aid For Trade
Aid for Trade helps developing countries, particularly LDCs, trade. Many such countries face a range of supply-side and trade-related infrastructure obstacles that constrain their ability to engage in international trade. Aid for Trade is broad, and includes helping countries develop trade strategies, building infrastructure like roads and ports, and investing in sectors so countries can diversify exports. Much of EIF's work in countries falls under the Aid for Trade umbrella.
The WTO-led Aid for Trade initiative encourages developing country governments and donors to recognize the role that trade can play in development. In particular, the initiative seeks to mobilize resources to address the trade-related constraints identified by developing countries and LDCs.
At the WTO's Sixth Session of its Ministerial Conference in Hong Kong in December 2005, the WTO reaffirmed its intention to take on the essential role in supporting the trade capacity of LDCs and low income countries by launching the Aid for Trade Initiative. As a result, donor contributions increased and an annual Global Review of Aid for Trade was created, and continues.
The progress of Aid for Trade towards its desired results is assessed by a joint WTO-OECD monitoring and evaluation framework. This framework annually publishes the Aid for Trade at a Glance report. Another report that focuses on LDCs concluded in 2011 that there had been "steady, if hard-won progress" in achieving Aid for Trade results. Cabo Verde was highighted as a success story, having graduated from LDC status in 2008, with notable assistance from EIF.